By Alric Lindsay According to a claim stamped by the Grand Court on September 19, 2024, Nixon Enterprises Ltd. (trading as Rubis Savannah) is suing its former employee, Dale Allen, for misappropriating bank deposits of CI $245,456.64. Additionally, Rubis...
Business
Spectrum financial services conference returns for 2024 with full agenda of impactful issues
6 minutes read
Spectrum Press Release The Cayman Islands’ premier financial services conference is set to return for its fourth year on 10 October 2024 at The Ritz-Carlton, Grand Cayman. This forum will convene local and international industry-leading experts for thought-provoking discussions...
Cayman Islands Bankers’ Association Press Release In light of the Tropical Storm Warning being in effect for The Cayman Islands, your Cayman Island Bankers’ Association member Retail Banks have made the decision to close all Banking Centers tomorrow Tuesday,...
US Interest Rates Lowered, Effective September 19, 2024. Cayman Banks Are Expected To Follow This Move.
4 minutes read
By Alric Lindsay Yesterday, September 18, 2024, the Board of Governors of the United States Federal Reserve System issued a statement a 1/2 percentage point decrease in the primary credit rate was approved, effective today, September 19, 2024. Banks...
Credit Union Says Annual 200K Fee Proposed By Minister Andre Ebanks Is “Unreasonable and Unconscionable, and Potentially Unconstitutional”
11 minutes read
By Alric Lindsay The Cayman Islands Civil Service Association Cooperative Credit Union issued a statement on August 27, 2024, expressing concerns about a proposed $200,000 annual fee recommended by Minister Andre Ebanks through his ministry. The Credit Union said...
The Association of Chartered Certified Accountants (ACCA) and the Cayman Islands Institute of Professional Accountants (CIIPA) have signed a deal enabling the two bodies to work together in the interest of professional accountancy education. CIIPA knows that for government...
By Alric Lindsay On July 26, 2024, in the fifth sitting of the fourth meeting of the 2023-24 session of Parliament, members of the Parliament voted in favour of a motion brought by MP Roy McTaggart to introduce new...
Exploring Whether Govt Should Pass Legislation To Limit Large Rent Hikes Or Regulate Mortgage Interest Rates
9 minutes read
By Alric Lindsay According to the Urban Institute, “The number of people experiencing homelessness has hit a record high, more than half of renters are cost-burdened, and mortgage interest rates are at their highest since 2000—housing in the United...
Amanda Bodden Appointed President To Head The Board Of Directors Of The Cayman Islands Bankers Association
3 minutes read
The Cayman Islands Bankers Association (“CIBA”) has announced the appointment of Amanda Bodden as President and Laura Accurso as Vice President to head the CIBA Board of Directors (Executive Committee). Commenting on the appointments, Mr. Richard Lewis, Chief Operating...
Further to the “All Clear” issued today by the Cayman Islands Government, the Cayman Islands Bankers’ Association member Retail Banks will resume normal banking hours tomorrow, July 5, 2024. Customers are encouraged to continue to leverage safe and convenient...